suzanne will introduce sheila bair, gerry corrigan and ray natter. >> actually. thank you very much, con. things that opportunity. i'm honored to be moderating a panel that really needs no introduction. we have with us today gerry corrigan was the chairman of goldman sachs bank u.s.a., and the former president of the federal reserve bank of new york at the federal reserve bank of minneapolis. we also have sheila bair, who is the former chairman of the fdic, and curtl cursors as a senior ar to pew charitable trust. and finally we have ray natter was a partner at his law firm, and former served as a deputy chief counsel of the occ. so i'd like to kick off the discussion by asking each of our panelists to provide 10 minutes, that is a very brief amount of time, to minister opening remarks and the remainder will be devoted to a discussion followed by two questions from our audience. the backdrop to this bill is a seminal paper that gerry corrigan penned in 1982 titled "are banks still special." so jerry, of course it makes sense to kick off with you and we welcome yo